hi TEB, ....keeping watch on GU too, may break soon...stops, where do you set them initially?...50 level or just above/below opposite entry?
...Teb, do you filter 15min grid breaks with the trend? Noticed you use a few MAs on some of your examples...would you be taking the short on GU for instance, now there's a close lower (against 15min moving average trend bias)?
Hi there CC
I must say I don't trade the Yen crosses
(the zen forse never seems to be with me)
& the Cable/Zen is so wild - trend following systems have a lot of problems with then
- - but in the 4 hour 1 hour 15 mins
I would normally do 2 pips on the wrong side of the 0%
for these crosses I would do at least 5 pips
- - for the month /week/ day
I would normally do the closses 45 or 95 piont on the chart
- again on the wrong side of the 0%
TEB
what are your emas?
TEB
I sometimes trade the cowabunga system (details on babypipsdotcom) which uses the 15min 5 and 10 emas, coupled with a 4hr chart, again 5 and 10 emas - i just mapped the 4hr mas onto the 15min, so 80 and 160.
Hi Teb, what's your view on trades that are open approaching news?
Referring to your last screenshot, specifically to the yellow lines, I have a question: if it was a move up, shouldn't the 0 line be on top and 100 line be on bottom? I realize that these levels are not fibo levels, but I was thinking that you're using them in the same fasion. Once the price stopped moving up and started down, you want to see to which level it retraces, hense the retracement levels, in your method they would be 25, 50, 75, and 100; but you have 100 on top, it's wise versa. I'm not trying to be picky, just want to see the logic behind it. Thank you.
